A series of application program interfaces (APIs) have been developed to automate the distribution of news on stocks customers hold or have ­nominated an interest in. Content will be sourced from third parties including Dow Jones, Morningstar, Sharesight and Trading Central.

CMC Markets estimates it currently has 19 per cent of the frequent-trader market – those who trade more than 10 times a month – and hopes to double that market share.

From October 8, frequent traders will get the automated data feeds and a discount of up to 0.08 per cent on fees.

“Currently, frequent traders account for only 10 per cent of the customer base, but they are providing 60 per cent of revenue," Mr Rogers said.